Especially when those 2nd, 3rd, + properties are being used as passive short term rentals. Observing the state of the housing situation “Hmm there aren’t enough homes for normal families to each have a chance, I should turn this extra property of mine into a vacation rental.” does this make said person a POS?
It is likely not legally habitable. And to make it so for a renter would be beyond my current financial capabilities.
Ah, in that case I think you’re looking at it the right way.